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$1 billion for Sydney stadiums

New and old stadiums across Sydney will receive more than $1 billion investment during the next decade with the first project being a new 30,000 seat stadium in Parramatta.

Stadium Australia is one of the stadiums to receive part of the extra $1billion funding

NSW Premier Mike Baird said Sydney needed world class sporting venues and that the investment would ensure fans and sporting teams had the facilities they deserved.

“Our first priority is building a new 30,000 seat stadium at Parramatta on the site of the existing facility, with work to begin as soon as possible and construction expected to be completed by 2019,” Mr Baird said.

“This huge investment in our stadia will boost our capacity to attract big ticket events to NSW, as well as create and support thousands of jobs.”

Along with the Parramatta stadium, other upgrades and new stadiums will include a:

new rectangular stadium at Moore Park with 50,000 to 55,000 seats

redevelopment of Stadium Australia that could include a retractable roof

new indoor arena near the CBD

new outer western Sydney sporting venue

completion of the SCG upgrade.

$600 million has been set aside in Rebuilding NSW and the NSW Government will provide a further allocation of funding to complete the projects.